U.S. Markets close in 3 hrs 52 mins

UnitedHealth unit to buy Diplomat Pharmacy in $303 million deal

Dec 9 (Reuters) - UnitedHealth Group Inc's pharmacy services unit, Optum, would buy Diplomat Pharmacy Inc, valuing the company at about $303 million.

Optum said on Monday it would pay $4 per share for Diplomat's outstanding common stock. Shares of the specialty pharmacy company closed at $5.81 on Friday.

(Reporting by Saumya Sibi Joseph in Bengaluru; Editing by Shinjini Ganguli)